MUMBAI: Wind power company Indowind Energy on Wednesday said that it raised Rs 118 crore though Foreign Currency Convertible Bonds (FCCBs) for overseas business expansion.
The FCCBs contain a coupon payment of 2.5 per cent paid semi-annually and have a maturity period of five years and one day. They would be converted into equity shares at a premium of 33 per cent, Indowind said in a statement.
The underlying equity shares on conversion would be listed on BSE and NSE and the FCCBs on the Singapore Stock Exchange. The company has been developing wind farms since 1995. - PTI
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